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India’s financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India (RBI) said on Friday.

India’s financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India (RBI) said on Friday.

Banks rescheduled a record amount of defaulted loans in the first nine months of 2019 as part of their efforts to contain bad debt and manage hefty profit, albeit artificially.

The 32nd Annual General Meeting (AGM) of the Bangladesh Insurance Association was held at Dhaka Club on Tuesday.

The Asian Development Bank (ADB) is expected to help Bangladesh ease transborder and regional trade through facilitating infrastructural development and regulatory reforms, officials have said.

Asian market were muted in thinned business Tuesday as investors across the region traded with an eye on the early finish ahead of the Christmas break.

China’s cross-border capital flight pressure has been much alleviated this year, with the country expected to continue liberalising its capital account while cracking down on illegal trading activities in 2020.

The government has reduced the rate of advance income tax (AIT) on import of cement raw materials to 3.0 per cent from 5.0 per cent.

The central bank is set to issue a circular on single-digit interest rate on industrial loans after getting approval from its board of directors, officials said.

Chinese and US flags flutter near The Bund, before US trade delegation meet their Chinese counterparts for talks in Shanghai, China on 30 July.